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New Deal


Announced

Completed

Flipkart and Walmart completed a $145m investment in Ninjacart.

Financials

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Transaction Value£109m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Food Products

agriculture

produce

India

Merger

Private

Completed

Friendly

Cross Border

Acquisition

Synopsis

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Flipkart, an e-commerce company, and Walmart, a retail corporation, completed a $145m investment in Ninjacart, a fresh produce supply chain company. "As a homegrown company, we have constantly focused on creating the right infrastructure and technological solutions that support local farmers, producers, and food processors. With this investment, we are further able to strengthen our grocery footprint and offering as consumers across the country throng to e-grocery for quality and affordable options in the fresh category," Kalyan Krishnamurthy, Flipkart Group CEO.

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